Jennison Associates LLC Reduces Stock Position in Texas Instruments Incorporated $TXN

Jennison Associates LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 42.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,720,961 shares of the semiconductor company’s stock after selling 1,271,129 shares during the quarter. Jennison Associates LLC owned approximately 0.19% of Texas Instruments worth $316,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Strategic Wealth Investment Group LLC purchased a new position in shares of Texas Instruments during the second quarter valued at approximately $25,000. Pacifica Partners Inc. boosted its holdings in Texas Instruments by 85.2% in the third quarter. Pacifica Partners Inc. now owns 150 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Texas Instruments during the 3rd quarter valued at $29,000. LGT Financial Advisors LLC raised its holdings in Texas Instruments by 328.9% in the 2nd quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 148 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new position in Texas Instruments in the 2nd quarter worth $40,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Texas Instruments from $170.00 to $185.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Mizuho set a $145.00 price objective on Texas Instruments in a research report on Wednesday, October 22nd. Stifel Nicolaus increased their target price on Texas Instruments from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 16th. BNP Paribas Exane set a $190.00 price target on Texas Instruments and gave the company a “neutral” rating in a research report on Thursday. Finally, Barclays reaffirmed an “underweight” rating and issued a $140.00 price target on shares of Texas Instruments in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $195.12.

Texas Instruments Price Performance

Shares of TXN opened at $193.31 on Friday. The company has a market capitalization of $175.65 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 3.10 and a beta of 1.00. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $177.82 and a 200 day moving average of $183.08.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. Texas Instruments had a return on equity of 30.41% and a net margin of 29.21%.The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the business posted $1.44 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $5.68 annualized dividend and a dividend yield of 2.9%. Texas Instruments’s dividend payout ratio (DPR) is 103.84%.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 9,990 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.33, for a total value of $1,621,676.70. Following the completion of the transaction, the director owned 14,937 shares of the company’s stock, valued at approximately $2,424,723.21. The trade was a 40.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christine Witzsche sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the transaction, the vice president owned 20,821 shares in the company, valued at $3,421,098.51. This represents a 4.58% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Profile

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.